Living Map secures £750k debt from Innovate UK to advance indoor mapping software
The government agency loan will help the navigation technology firm accelerate product development.
Living Map builds indoor and outdoor digital mapping software that enables accurate mobile navigation inside complex buildings without GPS signals. The firm serves airports, hospitals, and cultural venues with advanced wayfinding systems.
Living Map has secured a £750k loan from Innovate UK to accelerate the development of its indoor positioning technology. The fresh capital will allow the firm to refine its software for rapid integration across multiple devices and sites. This financing follows previous support from government grants and existing backers Mercia and Committed Capital, positioning the business for broader commercial deployment.
The company's proprietary platform solves the persistent challenge of GPS denial in subterranean and large indoor spaces, such as airports and hospitals. Recent deployments include passenger guidance systems at Heathrow and wayfinding tools for the Royal United Hospital in Bath during the pandemic. With the new loan, Living Map aims to widen access to its developer tools for both indoor navigation and asset tracking.
From the founder
"Digital maps have become part of everyday life for many but using them indoors still poses problems, given the lack of reliable positioning. Our platform overcomes this, providing a better experience for vistors to any large complex spaces, whilst enabling better decisions by operators. This loan will further help us to fast track its development and open up global opportunities for Living Map."
Dominic Hazlehurst
CEO at Living Map
Investor perspective
"Living Map has managed what even the big corporations have not yet done in making this type of technology work seamlessly both inside and out. The new live positioning system will take digital maps to the next level and will be a game changer for the business."
Julian Dennard
Investment Director, Mercia Fund Managers
Use of funds
- 01Continue product development
Investors
Categories
About the company
Living Map
Living Map provides indoor digital navigation software for complex venues and transport hubs.